Post by jeffolie on Sept 24, 2013 7:41:50 GMT -6
Case-Shiller: Pace of gains in home prices is peaking
Sept. 24, 2013
U.S. home prices rise 1.8% in July
(MarketWatch) -- U.S. home prices increased 1.8% in July, the smallest monthly gain since March, as 15 of 20 cities tracked by a gauge from S&P/Case-Shiller saw slower growth, according to data released Tuesday. "The rate of increase may have peaked," said David Blitzer, index committee chairman at S&P Dow Jones Indices, noting that rising mortgage rates may be hitting the housing market. However, on a year-over-year basis, home prices grew 12.4% in July, the fastest annual pace since 2006. Home prices in July were about 21% below a 2006 peak.
www.marketwatch.com/story/us-home-prices-rise-18-in-july-2013-09-24?dist=beforebell
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July Case-Shiller Housing Index Misses For Third Month In A Row, Pace Of Increase At 10 Month Lows
09/24/2013
There was something for everyone in the just released July Case-Shiller house price index. On one hand, on a year over year basis, the NSA Composite 20 city index rose 12.39% in July, up from 12.07% in June, and in line with expectations of a 12.40% increase. This was the highest annual price increase since the start of the great financial crisis. On the other hand, the same Composite-20 Index increased by just 0.62% in July on a SA M/M basis, missing expectations of a 0.80% increase, and down from the 0.88% increase in June. This was the third consecutive miss on a M/M basis, and while the Case-Shiller index continues to still rise, the momentum as can be seen in the chart below, is starting to fade, with the monthly increase posting at the lowest rate since September of 2012 when the rise was 0.52%.
And the performance relative to expectations:
www.zerohedge.com/news/2013-09-24/july-case-shiller-housing-index-misses-third-month-row-pace-increase-10-month-lows
Sept. 24, 2013
U.S. home prices rise 1.8% in July
(MarketWatch) -- U.S. home prices increased 1.8% in July, the smallest monthly gain since March, as 15 of 20 cities tracked by a gauge from S&P/Case-Shiller saw slower growth, according to data released Tuesday. "The rate of increase may have peaked," said David Blitzer, index committee chairman at S&P Dow Jones Indices, noting that rising mortgage rates may be hitting the housing market. However, on a year-over-year basis, home prices grew 12.4% in July, the fastest annual pace since 2006. Home prices in July were about 21% below a 2006 peak.
www.marketwatch.com/story/us-home-prices-rise-18-in-july-2013-09-24?dist=beforebell
===============================================================
=========================================================
July Case-Shiller Housing Index Misses For Third Month In A Row, Pace Of Increase At 10 Month Lows
09/24/2013
There was something for everyone in the just released July Case-Shiller house price index. On one hand, on a year over year basis, the NSA Composite 20 city index rose 12.39% in July, up from 12.07% in June, and in line with expectations of a 12.40% increase. This was the highest annual price increase since the start of the great financial crisis. On the other hand, the same Composite-20 Index increased by just 0.62% in July on a SA M/M basis, missing expectations of a 0.80% increase, and down from the 0.88% increase in June. This was the third consecutive miss on a M/M basis, and while the Case-Shiller index continues to still rise, the momentum as can be seen in the chart below, is starting to fade, with the monthly increase posting at the lowest rate since September of 2012 when the rise was 0.52%.
And the performance relative to expectations:
www.zerohedge.com/news/2013-09-24/july-case-shiller-housing-index-misses-third-month-row-pace-increase-10-month-lows